556
In forceCash price for particular credit arrangements not included in credit amount
Chapter 17Repeal, savings and transitional provisions
Part 5Transitional and savings provisions for Revenue Legislation Amendment Act 2005
Division 1Provisions for ending of credit business duty
556 Cash price for particular credit arrangements not included in credit amount
Repealed section 303(4) does not apply under section 555(1) to the extent it would otherwise provide that the cash price for a credit arrangement that is a pre-repeal credit transaction is an amount debited under the arrangement if—
(a)
the cash price is not paid within the period mentioned in the repealed section; and
(b)
the period ends on or after 1 January 2006.
This Act’s bill:Explanatory memorandum
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